Some Procore Technologies, Inc. (NYSE:PCOR) shareholders may be a little concerned to see that the Founder, Craig Courtemanche, recently sold a substantial US$1.6m worth of stock at a price of US$71.36 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 0.6%.

Procore Technologies Insider Transactions Over The Last Year

In fact, the recent sale by Founder Craig Courtemanche was not their only sale of Procore Technologies shares this year. They previously made an even bigger sale of -US$4.8m worth of shares at a price of US$73.90 per share. That means that even when the share price was below the current price of US$80.26, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 1.7% of Craig Courtemanche's holding.

In the last year Procore Technologies insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Procore Technologies better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Procore Technologies Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Procore Technologies insiders own about US$918m worth of shares (which is 7.7% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Procore Technologies Insiders?

Insiders sold Procore Technologies shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 3 warning signs for Procore Technologies that deserve your attention before buying any shares.

But note: Procore Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.